HONG KONG, Feb. 7, 2018 /PRNewswire/ -- Chubb Life in Hong Kong today announced the launch of Chubb Platinum Plus Insurance Plan™, a new participating savings plan combining the benefits of wealth accumulation and life protection. It also offers the flexibility to make cash withdrawal and exercise double annuity options to meet different financial needs of customers.

Chubb Platinum Plus Insurance Plan™ offers customers the potential for long-term capital growth so they can preserve and grow their legacy for retirement. It enables customers to plan ahead for their ideal future with the potential long-term returns from non-guaranteed Reversionary Bonus and non-guaranteed Terminal Bonus. It offers three premium payment term options of either 5, 8 or 18 years, with life protection up to age 120 of the insured.

On top of the lifelong protection, customers have the flexibility to accumulate the Reversionary Bonus in the policy to increase the policy value, or to withdraw the cash value of the accumulated Reversionary Bonus and the corresponding cash value of Terminal Bonus to fulfill any unexpected financial needs.

To provide customers more flexibility in their financial planning, the plan allows customer to exercise annuity option up to two times. In other words, customers could receive up to two fixed monthly annuity income streams that suit their retirement needs.

Michael Ho, Country President of Chubb Life in Hong Kong, said, "We understand that customers' protection and financial needs change as they go through different life stages. Our Chubb Platinum Plus Insurance Plan™ is designed to provide both whole life protection and savings over the long term. Apart from retirement planning, this product is suitable for parents who want to give a lifetime and valuable gift for their children to help them fulfill their financial needs in different life stages, and is designed for customers who look for a dynamic financial plan that they can keep for life or withdraw their money to fulfill unexpected needs. "

And from now until 29 March 2018, customers who successfully apply for Chubb Platinum Plus Insurance Plan™ can enjoy up to 1.5 months premium waiver offer. Please refer to the relevant flyer for detailed information and conditions.

Note:

Product information, including the benefits, terms and conditions of Chubb Plantinum Plus Insurance Plan™, are included in the product brochure and policy document.

About Chubb Life in Hong Kong

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong, Indonesia, Korea, Taiwan, Thailand and Vietnam, and participates in a joint-venture in Mainland China. Chubb Life has been in Hong Kong since 1976, and launched its Global Wealth Management business from Hong Kong in 2015. To meet the financial protection and wealth management needs of its broad range of customers, Chubb Life in Hong Kong (Chubb Life Insurance Company Ltd.) offers a range of life protection, savings, accident and health insurance solutions through agents, brokers and banks.